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CE's Right to Establish Rental Adjustment Rate Rejected

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CE's Right to Establish Rental Adjustment Rate Rejected HONG KONG DOLLAR IN SAILING CLOSE TO MACAU’S PERILOUS TERRITORY CHINA-HELD ISLAND POPULATION One of the world’s most A U.S. warship sailed REACHES reliable currency bets is close to a Chinese 648,400 suddenly looking like less man-made island in the of a sure thing disputed South China Sea P3 P9 P10 FRI.11 Aug 2017 T. 27º/ 32º C H. 70/ 95% facebook.com/mdtimes + 11,000 MOP 7.50 2864 N.º HKD 9.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo “ THE TIMES THEY ARE A-CHANGIN’ ” Chao against Alibaba deal, election rules P7 WORLD BRIEFS AP PHOTO GUAM The tiny U.S. territory of Guam feels a strong sense of patriotism and confidence in the American military, which has an enormous presence on the Pacific island. But residents are increasingly worried over Washington’s escalating war of words with North Korea. More on p13 AP PHOTO NEPAL’s parliament has passed a bill toward making women safer by strengthening laws against acid attacks along with the ancient Hindu customs of demanding dowry payments for marriage and exiling women who are menstruating. Violators who force women into exile face punishments of up to three months in jail or a fine of about USD29. More on p12 YEMEN’s national blood bank faces a complete shutdown within a week after a medical aid charity CE’s right to establish ended its two-year support, the facility’s director said yesterday, warning that the closure could exacerbate rental adjustment the existing humanitarian crisis in the war-torn country. More on p14 rate rejected P2 AL PLENARY More on backpage INSIDE 11.08.2017 fri th Anniversary 2 MACAU 澳聞 WWW.MACAUDAILYTIMES.COM.MO AL PLENARY ments, once the law is passed. He also noted that not only must individuals pay tax when buying houses, but, according Lawmakers rejected CE’s right to Macau law, landlords shou- ld also pay tax for leasing their houses. However, he remarked that “[…] many people in Macau to amend rental adjustment rate do not know that they should pay taxes.” Other lawmakers chimed in Julie Zhu house price index, human re- must be put into written form, decide. “Whether a notary certi- yesterday with additional poin- sources index and salary index. with signatures acknowledged fication is needed or not, the two ts: Vong Hin Fai observed that AWMAKERS refused to But the proposal was criticized by a notary, several lawmakers, parties involved in the contract private notaries have the right Lgrant the discretionary by lawmakers such as Ma Chi including Lau Veng Seng, won- can choose,” proposed Mak. to reject certification in some power to the chief executive to Seng, who said that it “lacked dered whether Macau will have Fong Chi Keong deemed the cases; Angela Leong sees the amend the rental adjustment scientific legislation.” enough notaries to handle the notary certification “really un- amendment as a chance to res- rate during the article-by arti- future potential amount of lea- necessary,” adding that “it does pond to some of the public’s cle analysis of a rental control sing contracts which will need to not need to be done by a notary, concerns; while Fong Chi Keong mechanism. The extension be certified by a notary. […]. I don’t know why [we are] regards it as a “disturbance” to Nine lawmakers, including According to Lau, Macau cur- amending this article, […] it people. Leonel Alves, Song Pek Kei, and by an additional rently only has between 20 and does not help at all.” Previously, the city’s law regu- Zheng Anting, had proposed the 30 notaries, but the number of Vong Hin Fai shared his dou- lated that the landlords could establishment of a rate based on year of the those who understand Chine- bts about the consequences of not cancel a rental contract uni- a coefficient set by the chief exe- city’s current se is even lower. Lau is worried not having the signatures cer- laterally within two years. An cutive according to factors like that notary certification will re- tified by a notary. “If they [the extension of this restriction to the consumer price index and minimum of quire longer times from the in- tenants and landlords] do not three years was approved yes- housing market conditions. volved parties to sign a rental respect the related regulations, terday. The bill has been the main two-year rental contract. and if they do not process the le- Within the context of the ex- topic of debate this week at the Melinda Chan said “why do gal notation, what would be the tension, some lawmakers were Legislative Assembly. contracts was you ask for mandatory nota- consequences? What would ren- concerned about the ability of a Yesterday, the clause sugges- approved tion? Whether it can really der the contract invalid? Would landlord to evict tenants should ting that the chief executive solve the concerns the public landlords need to be refunded they fail to pay their rent. could temporarily change the has?” Chen also questioned how by tenants?” asked Vong. Some lawmakers also claimed adjustment rate for the rental Contrarily, Leonel Alberto Al- much time the notation process Song Pek Kei said that the that the new extension would market, was shut down. ves believes that the chief execu- will take. amendment is intended to su- be unhelpful for tenants, while “It should be delivered to a tive has the ability to make the Meanwhile, in response to pervise illegal rental behaviors, others voiced it was unfair on committee, not decided by the right decision, and he said that doubts this week about the su- which is why lawmakers are re- landlords. Chief Executive,” said Ma Chi the interference of Macau’s top pply of notaries in the territory quiring notary involvement, so The law will come into effect Seng. official would only be used when to handle this volume of work, as to ensure peoples’ safety. 180 days after it is officially pu- The article suggested that the needed. Mak Soi Kun suggested a “more Leonel Alves was confident blished. In the meantime, the adjustment rate should refer to Regarding the article requi- flexible” policy in which the te- that the number of notaries can article-by-article analysis of the Macau’s consumer price index, ring that all rental contracts nant and landlord are allowed to grow to meet future require- law is set to continue. www.macaudailytimes.com.mo DIRECTOR AND EDITOR-IN-CHIEF_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION MANAGING EDITOR_Paulo Barbosa [email protected] CONTRIBUTING EDITORS_Eric Sautedé, Leanda Lee, Severo Portela ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER + 4 Million page views Kowie Geldenhuys [email protected] NEWSROOM AND CONTRIBUTORS_Albano Martins, Annabel Jackson, Daniel Beitler, Emilie Tran, Grace Yu, SECRETARY Juliana Cheang [email protected] PER MONTH Ivo Carneiro de Sousa, Jacky I.F. Cheong, Jenny Lao-Phillips, João Palla Martins, Joseph Cheung, Julie Zhu, ADDRESS Av. da Praia Grande, 599, Edif. Comercial Rodrigues, 12 Floor C, Juliet Risdon, Lynzy Valles, Renato Marques, Richard Whitfield, Rodrigo de Matos (cartoonist), Viviana Seguí MACAU SAR Telephones: +853 287 160 81/2 Fax: +853 287 160 84 DESIGNERS_Eva Bucho, Miguel Bandeira | ASSOCIATE CONTRIBUTORS_JML Property, MdME Lawyers, PokerStars, Advertisement [email protected] Thank You! Ruan Du Toit Bester | NEWS AGENCIES_ Associated Press, Bloomberg, Financial Times, MacauHub, MacauNews, For subscription and general issues: [email protected] | Printed at Welfare Printing Ltd +11,000 like us on facebook.com/mdtimes Xinhua | SECRETARY_Yang Dongxiao [email protected] SEND NEWSWORTHY INFORMATION AND PRESS RELEASES TO: [email protected] WEBSITE: WWW.MACAUDAILYTIMES.COM.MO fri 11.08.2017 th Anniversary MACAU’S LEADING NEWSPAPER 澳聞 MACAU 3 GIF welcomes positive DEMOGRAPHICS money laundering Slight population assessment HE Financial Inte- Since then, various legis- been monitored closely increase Tlligence Office (GIF) lation and regulations have by the Gaming Inspection has released a statement been put forward for go- and Coordination Bureau ACAU’s welcoming the positive as- vernment review in order (DICJ) since 2006, GIF total popu- sessment in the latest Asia to crack down on money noted. “This is a necessary lation was BLOOMBERG Pacific Group on Money laundering and terrorist response to the inherent 648,400 as Laundering (APG) Mutual financing. risks of the sector.” Mat the end of June 2017, Evaluation Report (MER), According to the state- Under the current sys- a slight increase of 100 released last month. ment, the local govern- tem, the local government quarter-to-quarter. Macau’s positive results ment “acknowledges the has established a double According to informa- were received in respect importance of the fight -scrutiny system for the tion released yesterday of its technical compliance against terrorist financing market entry to junket by the Statistics and Cen- with legal frameworks as and proliferation finan- promoters. The system sus Service (DSEC), the- well as its effectiveness in cing.” To this end, the Law decrees stringent licensing re were 342,500 female implementing measures on Asset Freezing Regime terms for junkets as impo- residents, accounting for against money laundering, was introduced in 2016, sed by the DICJ, as well as 52.8 percent of the total and terrorist financing. shortly after an on-site visit due diligence from gaming population. totaled 513, an increase de (382) decreased by The steps taken leading by the APG. concessionaires and sub- 1,596 live births were of seven quarter-to-quar- 435 and 29 respectively to the positive assessment Among the many other concessionaires before en- delivered in the second ter.
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